Real Estate: Economy: News: Hankyoreh

The official price of apartment houses nationwide, announced on the 15th of the Ministry of Land, Infrastructure and Transport increased 19.08% from last year. . While it is true that the ownership tax is increasing mainly for high-priced housing, there is also a counterargument that it is far from reality to say that the level of the tenure tax level of one house owner is a’bomb’. I pointed out the relationship of facts in the form of one question and one answer.
―Since the median price of apartments in Seoul exceeded 900 million won, the ownership tax all increased?
“According to the statistics of KB Kookmin Bank, the median sale price of apartments in Seoul as of February amounted to 964.8 million won. The average selling price exceeded 1 billion won for the first time in September last year, and was surveyed at 1,081.92 million won last month. Based on this, some argue that not only the Gangnam area, but also the owners of apartments in many areas such as’Ma, Yongsan, and Seongdong’ in Gangbuk (Mapo, Yongsan, Seongdong-gu) will be hit by a tax bomb. However, the property tax special tax rate is applied to one homeowner with a public price of 600 million won or less, so the ownership tax will decrease from last year. According to the published price (draft) of the Ministry of Land, Infrastructure and Transport, Seoul apartment houses with an official price of 600 million won or less, 70.6% of the total, were 18.25 million units. Therefore, housing in Seoul exceeding the official price of 600 million won, which is predicted to increase in ownership tax even a little this year, accounts for only 29.4% of the total number of apartment houses. Even one homeowner is subject to the comprehensive real estate tax, so only 413,000 houses, or 16% of the total, exceeded the official price of 900 million won, which increases the burden of ownership tax.”
―Even if it is a one-family home, is the ownership tax of expensive homeowners bomb-grade?
“It is true that even for one-generation, one-family homes, owners of homes with an official price exceeding 900 million won will increase their ownership tax in accordance with the increase in the published price this year. However, when looking at the actual tax burden, it is far from a’bomb’. In a case of an apartment in Mapo-gu, Seoul that jumped from 960 million won ($1.37 billion) last year to 1.2 billion won ($1.7 billion in market price) this year, the ownership tax this year is 4.23 million, a 43.1% increase from 302.3 million won last year. It is 5,000 won (property tax 3642,000 won, jong suffix 683,000 won). The 43.1% rate of tax increase is not low. However, it is difficult to say that it is difficult to say that it is’a level that is difficult to bear’ about the increase in the holding tax amount by 1.32 thousand won compared to the increase in house price of 330 million won in the last year. Moreover, if the couple owns this house under a joint name, the tax is ‘0 won’. This is because a single house with a joint name can be exempted from taxation up to the official price of KRW 1.2 billion per person.”
―A direct hit on retirees who have super high-priced housing in Gangnam region without a certain income?
“The case of’one-homeowner tax bomb’ is the most frequently cited case of the elderly, such as retirees who own a super high-priced apartment in Gangnam, Seoul, between 2 billion and 3 billion won. “The government raises the price of houses and strikes tax bombs on those who have no income.” However, one homeowner who is 60 years of age or older or who has a retention period of 5 years or more should receive up to 80% of the tax credit for the endowment tax. If you are 65 years old and have owned an apartment with an official price of 1.5 billion won (2.14 billion won) this year for more than 15 years, the tax credit (80%) will be applied, and the ownership tax this year will be 546,000 won (property tax: 48,240 million won). , The final tax is 622,000 won).” By Choi Jong-hoon, staff reporter